Alfen Nv · EURONEXT:ALFEN
Alfen Nv — Q3 2026 Earnings Presentation
18 slides from Alfen Nv's earnings presentation, Nov 4, 2026
Slide 1: Alfen 2026 Q3 trading update
Webcast Alfen 2026 Q3 trading update 4 November 2026
Slide 2: Disclaimer
Disclaimer This communication may include forward-looking statements. All statements other than statements of historical facts may be forwa rd-looking statements. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms such as guidance, expec
Slide 3: Agenda
1 2026 Q3 highlights 2 2026 Q3 business unit view 3 2026 Q3 financials 4 Outlook 3
Slide 4: 2026 Q3 highlights
2026 Q3 highlights Alfen reports results 2026 Q3 in line with expectations, year -to- date revenue up 14% • Revenue was €99.1m, compared with €104.1m in 2025 Q3. Year -to-date revenue increased by 14.3% to € 360.6m , from €315.6m in the first nine months of 2025 • Gross margin was €30.5m (30.8% of r
Slide 5: Generation Electric 2026 Powering the future
Alfen event Generation Electric 2026 Powering the future 5
Slide 6: 2026 Q3 business unit view
1 2026 Q3 highlights 2 2026 Q3 business unit view 3 2026 Q3 financials 4 Outlook 6
Slide 7: Smart Grid Solutions: continued strong performance driven by grid operators and Alfen Elkamo
Smart Grid Solutions Continued strong performance Revenue and other income In € million driven by grid operators and Alfen Elkamo 10.1 % 54.0 • Revenue for Smart Grid Solutions was €54.0m, an increase of 10.1% compared with €49.1m in 2025 Q3 49.1 • The increase was driven by sales to Dutch grid oper
Slide 8: Balanced market picture unchanged: regulation progresses, requirements to scale set pace
Smart Grid Solutions Balanced market picture unchanged: regulation progresses, while requirements to scale set the short -term pace Encouraging signs that will benefit roll -out of However, requirements to scale that hamper execution substations in time speed today still exist Selected examples: Obt
Slide 9: EV Charging: new platform efforts starting to pay off
EV Charging New platform efforts are starting to Revenue and other income In € million pay-off with year-on-year growth in business segment -6.7 % • Revenue decreased by 6.7% to €26.8m, from €28.7m in Q3 2025 28.7 26.8 • The phased introduction of new platform features during 2026 is starting to pay
Slide 10: Electric vehicle market in Europe accelerates with broad-based growth
EV Charging Electric vehicle market in Europe accelerates with broad -based growth, including a rebound in Alfen core markets Netherlands and Belgium BEV registrations growth 2026 Q3 Broad -based acceleration: all markets grow year -on-year, with Alfen core countries In [%] y -o-y compared with 2025
Slide 11: Energy Storage Systems: mobile storage revenue growth and gross margin outperformance
Energy Storage Systems Mobile storage revenue growth and Revenue and other income In € million gross margin outperformance due to project contingencies -30.4% 26.3 • Revenue in Q3 2026 was €18.3m , a decrease of 30.4% compared with the Q3 2025 revenue of €26.3m • Energy Storage Systems revenue was f
Slide 12: Backlog for 2027 at €86m, pipeline supports growth towards year-end
Energy Storage Systems Backlog for 2027 at €86m, while Energy storage backlog over past quarters In € million pipeline supports growth towards year-end 127 130 115 5 109 9 48 Backlog Remarks: 93 • A healthy underlying pipeline supports a year -end backlog ambition of above 67 the level at year -end
Slide 13: Alfen delivered the three largest operational battery energy storage systems in the Netherlands
Energy Storage Systems Alfen has now delivered the three largest operational battery energy storage systems in the Netherlands to date Combined power ● Operational - Sep 2026 ● Operational - Oct 2026 ● Operational - Nov 2025 180.6 MW Insert project photo Insert project photo Combined capacity 522.4
Slide 14: 2026 Q3 financials
1 2026 Q3 highlights 2 2026 Q3 business unit view 3 2026 Q3 financials 4 Outlook 14
Slide 15: Quarter-by-quarter group financials
2026 Q3 Group Financials Quarter-by-quarter group financials • Revenue decreased with 4.8% to €99.1m compared Revenues Y -o-y revenue growth with €104.1m in Q3 2025. With this year's revenue being (€m) (%) front-loaded, the quarter was in line with expectations 25% 23% 129.7 131.7 • Adjusted gross m
Slide 16: Outlook
1 2026 Q3 highlights 2 2026 Q3 business unit view 3 2026 Q3 financials 4 Outlook 16
Slide 17: Reiterated financial guidance 2026
Reiterated Financial guidance 2026 Revenue at €435m -€475m Now expected to be in the upper half of the range Full year revenue expected in 4 -7% adjusted EBITDA margin Now expected to be in the lower half of the range the upper half, and adjusted EBITDA margin in the lower half of the 2026 guidance
Slide 18: Alfen: Powering the Future
V ALIEN Powering the Future